News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Canadian Dollar Breakdown Stalls

Canadian Dollar Breakdown Stalls

David Rodriguez, Head of Product
ssi_usd-cad_body_Picture_10.png, Canadian Dollar Breakdown Stalls

USDCADRetail forex traders remain net-short the US Dollar (ticker: USDOLLAR) against the Canadian Dollar for the first time since the pair last traded above parity. Yet USDCAD consolidation has meant that positioning is mostly unchanged since last week, and our sentiment-based bias is unclear.

Trade Implications – USDCAD: Our retail sentiment-based trading strategies recently closed their USDCAD-long positions and are unlikely to place new buy orders until we see a more substantive shift in crowd sentiment and price action.

--- Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at

Facebook at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.